Zambia is currently under pressure to increase the pace of the economic transformation to create more productive jobs. Despite rapid economic growth from 2000-2013, the country is struggling to provide the kind of jobs needed to help spur sustainable growth and development. The landlocked country is also one of Africa’s youngest countries by median age, and youth (aged 15-24) who are a significant and increasing share of the working population, are finding it hard to get jobs.
We recently hosted our first Jobs and Development Conference, and one of the key topics we discussed was the role of governments in creating jobs. We had about 260 participants, and 68 papers were presented (more than 150 considered but not selected for presentation, a high rejection rate that attests to the quality of the papers that were presented).
One of the plenary sessions that I chaired focused on the role of governments in designing and implementing jobs strategies. The consensus has been that jobs will come if countries just fix markets and institutions to promote investment and economic growth. But this is a very simplistic view.
This is part of a series of blogs focused on the Sustainable Development Goals and data from the 2016 Edition of World Development Indicators. This blog draws on data from the World Bank’s Rural Access Index and on results presented in the report Measuring Rural Access: using new technologies
Just over half of the rural population in Nepal lives within 2 kilometers of a road in good or fair condition as measured by the Rural Access Index (RAI) in 2015, leaving around 10.3 million rural residents without easy access. The map shows how the RAI varies across the country: in the southern lowlands, where both road and population density are high, the RAI is around 80 percent in some districts. In the more rugged northern regions, lower road density and poor road quality leave many disconnected, resulting in a low RAI figure – in many places less than 20 percent.
Here’s something you may not be aware of:It’s a statistic that matters in the face of two unrelenting challenges now facing the globe –how to turn the promises of last December’s historic Paris climate change agreement into reality and how to feed a growing global population.
I asked Martha, a Form Four (Grade 12) student at a secondary school in southern Malawi, if she considered herself a role model. Completing her education hasn’t been easy for Martha – being sent home for weeks at a time when her family struggled with school fees, trying to avoid the distractions of boys, and staying on top of challenging coursework are among the challenges she deals with.
Translations available in Chinese and Spanish.
Many of you are already familiar with the PPP (Public-Private Partnerships) Group’s Private Participation in Infrastructure (PPI) Database. As a reminder for those who aren’t, the PPI Database is a comprehensive resource of over 8,000 projects with private participation across 139 low- and middle-income economies from the period of 1990-2015, in the water, energy, transport and telecoms sectors.
We recently released the 2015 full year data showing that global private infrastructure investment remains steady when compared to the previous year (US$111.6 billion compared with US$111.7 the previous year), largely due to a couple of mega-deals in Turkey (including Istanbul’s $35.6 billion IGA Airport (which includes a $29.1 billion concession fee to the government). When compared to the previous five-year average, however, global private infrastructure investment in 2015 was 10 percent lower, mainly due to dwindling commitments in China, Brazil, and India. Brazil in particular saw only $4.5 billion in investments, sharply declining from $47.2 billion in 2014 and reversing a trend of growing investments over the last five years.
- private sector
- Private Sector Development
- Global Economy
- Financial Sector
- The World Region
- South Asia
- Middle East and North Africa
- Latin America & Caribbean
- Europe and Central Asia
- East Asia and Pacific
- El Salvador
Last week with the support of the World Bank Group’s (WBG) Scaling Solar initiative. The auction for 100 MW (2x50 MW) resulted in a price as low as 6 cents/kWh.
This is good news for the country, which much like the rest of Sub-Saharan Africa faces acute electricity shortages. .
Zambia’s solar auction result followed a series of headline-making auctions in India, Mexico, Peru, and Dubai. In Dubai’s case, the price was as low as 3 cents/kWh -- the lowest price ever offered for solar power. Solar auctions are effectively a competitive bidding process to build power plants and supply a specific quantity of electricity at a pre-agreed price over a specified period of time.